ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
From the list below, select the characteristics that
describe a good economic model. [LO 1.6]
a. Includes every detail of a given situation.
b. Predicts that A causes B.
c. Makes approximately accurate assumptions.
d. Fits the real world perfectly.
e. Predicts things that are usually true.
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